SEATTLE, Nov. 19, 2020 (GLOBE NEWSWIRE) — Pike Street Capital, LLC, (“Pike Avenue”), a Seattle-based non-public fairness agency, has introduced the closing of Pike Avenue Capital Companions (the “Fund”), a $237 million fund that can deal with management investments in industrial expertise companies. Fund buyers embrace main institutional restricted companions, comparable to endowments, insurance coverage corporations, fund of funds, and household places of work together with strategic working executives. The Fund was over-subscribed to its unique $200 million goal.
“We’re happy with the profitable shut of the Fund within the presently difficult surroundings and grateful to welcome a excessive caliber set of long-term companions,” stated Paul Caragher, Co-founder and Managing Accomplice at Pike Avenue Capital. “The closing is a testomony to our buyers’ perception in our operational investing mannequin the place we companion with founders, homeowners, and administration groups to implement sustainable development plans.”
Pike Avenue is based and led by Paul Caragher, Dave Dandel and Ed Whatley. The agency invests in profitable industrial expertise corporations and different sectors that serve demanding technical prospects with income of $10 million to $100 million. It seeks investments the place Pike Avenue’s operational focus, enterprise expertise and govt community can help administration to speed up that development. The staff’s complementary backgrounds give Pike Avenue a robust mixture of entrepreneurial, operational and transactional experience.
“We consider rising a enterprise is a course of and staff sport. Pike Avenue seems to companion with founders, homeowners, and administration groups to implement profitable development methods, develop nice groups and create a tradition of efficiency,” stated Caragher. “With our distinctive mixture of funding capital, expertise in serving to rising companies develop sustainable processes and community of executives from main world companies, we search to be actual property to our portfolio corporations.”
Since launching the fund, Pike Avenue Capital has accomplished investments in three corporations: US BioTek Laboratories, HeadRush Applied sciences and QuickBox Achievement. Along with investing in further portfolio corporations, Pike Avenue plans to proceed increasing its investing and operational staff. The Fund’s placement advisor was GCA Advisors, LLC and Fund counsel was Perkins Coie LLP.
About Pike Avenue Capital
Seattle-based Pike Avenue Capital manages a non-public fairness fund targeted on development buyouts in industrial expertise within the decrease center market. With a mixed 75+ years of investing and working expertise, Pike Avenue companions with administration groups to construct and execute a method for future development. Pike Avenue Capital was co-founded by Paul Caragher, Dave Dandel and Ed Whatley. Extra info is offered at www.pikestreetcapital.com.